Last week's filings with the Securities and Exchange...

SEC REPORT

December 16, 1991

Last week's filings with the Securities and Exchange Commission involving companies based in or with operations in Florida include:

- ROSPATCH CORP., Grand Rapids, Mich. Alizac Partners has reduced its stake in Rospatch Corp. of Grand Rapids, Mich., by 1.9 percent to 6.87 percent or 173,408 shares. The partnership sold 49,064 common shares in the particle-board company between Nov. 20 and Nov. 22 for $10 each.

SHEFFIELD INDUSTRIES INC., Miami. Sheffield Industries Inc. of Miami plans to sell 500,000 common shares worth about $7.1 million through Vantage Securities Inc., and will use the proceeds to reduce debt. Sheffield, which makes and distributes ladies private-label hosiery, recently underwent a $9 million modernization and automation program to increase efficiency and expand production.

ENQUIRER/STAR GROUP INC., Lantana. An affiliate of News America Publishing Inc. of New York plans to sell almost 5 percent or 2.1 million class A common shares of Enquirer/Star Group Inc., the Lantana publisher of the National Enquirer, Star and Weekly World News magazines, through underwriter The First Boston Corp. The shares are held by the affiliate, News T Investments Inc., because of its 19.8 percent interest in NENQ Inc. NENQ's principal asset as of July was $150.2 million of Enquirer/Star's convertible preferred stock. News T's NENQ interest is exchangeable for 6.7 percent of Enquirer/Star's class B stock. After certain upcoming transactions among the three, News T will hold only 1.7 percent of NENQ. Enquirer/Star was formed in June 1990 by GP Group Acquisition L.P. to acquire Star magazine from News America for $200 million cash and $200 million of liquidation preference series A convertible preferred stock of Enquirer/Star.

SEAHAWK DEEP OCEAN TECHNOLOGY INC., Tampa. Seahawk Deep Ocean Technology Inc., which recently formed a limited partnership to fund the recovery of a 19th-century ship off the east coast, said it so far has sold two of the 15 limited partnership units that it is offering for $50,000 each. The ship is believed to contain a valuable cargo of gold coins. Each limited partner will receive 5 percent of the first $1 million distributed and decreasing percentages of each million distributed after that. The limited partners also will have the right to exchange up to 45 percent of their interest for Seahawk common stock. Seahawk signed an agreement last August with a private researcher, who will receive 20 percent of any recovered items. The partnership will receive the rest.

CLINICORP INC., Pinellas Park. Clinicorp Inc. plans to go public with the sale of 1 million common shares worth about $6.5 million through RAS Securities Corp. Clinicorp was organized only recently to manage chiropractic clinics and provide doctors with financial consulting services. The company will use the proceeds to purchase Practice Management Associates Inc., a chiropractic management consulting firm, to establish new clinics and for working capital. The company has applied to have the shares trade on NASDAQ under the symbol BACK.

TRUMP SHUTTLE, New York. Trump Shuttle filed on Friday with the U.S. Department of Transportation to provide temporary service between Kennedy Airport in New York and Barbados, a route formerly served by defunct Pan Am Corp., beginning Dec. 31. By applying for the Barbados route and serving notice that it will seek other vacation routes, Trump Shuttle is breaking the mold of its sole business - serving the high-traffic Boston-New York-Washington corridor. In the DOT filing, Trump Shuttle said it would use Boeing 727 aircraft, and volunteered to honor confirmed Pan Am tickets on a space-available basis. The company said it was asked to provide the service at the request of the government of Barbados, and understands that a government representative has already expressed to the DOT the country's urgent need for the service. Trump Shuttle also disclosed it will apply to the DOT for authority to serve two other routes - Miami-Cancun and Miami-Providenciales, Turks and Caicos. The company said it will elaborate on its plans this week.

KMART CORP., Troy, Mich. Kmart Corp. has signed Morgan Stanley & Co. as its lead underwriter for $200 million in 8.5 percent notes due Dec. 1, 2006.